Fed's Miran says calm bond market shows support for rate cuts

NEW YORK, Oct 7 (Reuters) - Federal Reserve Governor Stephen Miran on Tuesday said that the bond market’s current relative calm as measured by long-term interest rates supports a push to lower interest rates aggressively.

Given that market signals in reaction to Fed policy changes can carry valuable feedback in the wake of a policy change, Miran said “I would actually argue that the bond market behavior last year bore out my argument, and this year, thus far, it is again” supporting “my argument” for a swift pace of easing. Miran favors a much more aggressive path of rate cuts than his colleagues over the remainder of the year.